Agri-Business Capital Fund signs new LP

The International Fund for Agricultural Development (IFAD) announced today an investment of $9 million into the Agri-Business Capital (ABC) Fund, a blended capital impact fund.

The ABC Fund, managed by Bamboo Capital Partners, catalyses blended capital and invests in underserved segments of agribusiness value chains focusing on farmer organisations, financial intermediaries and agribusiness SMEs. It particularly targets commercially viable ventures that can help create employment, in particular for youth and women, and improve rural livelihoods. The fund also prioritises climate-smart projects that promote sustainable production.

In addition to the IFAD commitment, the ABC Fund has so far received contributions from the European Commission, the Organisation of Africa, Caribbean and Pacific States, Luxembourg and the Alliance for a Green Revolution in Africa. It has a target size of €200 million.

In December 2019, the ABC Fund disbursed its first investment to a cooperative in Côte d’Ivoire collecting and marketing cocoa from and for its small producer members, benefiting over 2,700 cocoa farmers. Additional investments have been since approved and more are planned in the coming months benefiting cooperatives, SMEs, savings and credit cooperatives and micro-finance institutions.

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